Valvoline Inc. (NYSE:VVV) Position Boosted by Barclays PLC

Barclays PLC increased its holdings in Valvoline Inc. (NYSE:VVV) by 271.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,785 shares of the basic materials company’s stock after purchasing an additional 145,205 shares during the quarter. Barclays PLC owned 0.15% of Valvoline worth $7,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VVV. Invst LLC boosted its stake in Valvoline by 3.7% in the 3rd quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock worth $667,000 after purchasing an additional 563 shares during the period. Sanctuary Advisors LLC boosted its position in Valvoline by 25.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 1,838 shares during the period. Tidal Investments LLC grew its stake in Valvoline by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company’s stock valued at $2,275,000 after acquiring an additional 9,089 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Valvoline in the 3rd quarter valued at about $2,554,000. Finally, Tyro Capital Management LLC lifted its position in shares of Valvoline by 0.6% in the third quarter. Tyro Capital Management LLC now owns 346,228 shares of the basic materials company’s stock worth $14,490,000 after purchasing an additional 2,100 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valvoline

In other news, insider Julie Marie O’daniel sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Valvoline Price Performance

NYSE VVV opened at $34.85 on Friday. The company has a market cap of $4.43 billion, a P/E ratio of 16.67 and a beta of 1.32. Valvoline Inc. has a 1 year low of $31.02 and a 1 year high of $48.27. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The company has a fifty day simple moving average of $35.02 and a 200 day simple moving average of $37.54.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. On average, sell-side analysts predict that Valvoline Inc. will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

VVV has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. TD Securities initiated coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a “buy” rating and a $40.00 price target on the stock. Morgan Stanley reissued an “equal weight” rating and set a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Mizuho dropped their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada boosted their price target on Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.